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Americans Cut Back on Spending With Inflation Hitting Holidays

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Shoppers look at festive decorations and toys at a stall in the Christmas market in Munich, Germany, on Friday, Dec. 9, 2022. Despite slowing, inflation in the 19-nation euro area remains five times the 2% goal. Photographer: Michaela Rehle/Bloomberg

Shoppers look at festive decorations and toys at a stall in the Christmas market in Munich, Germany, on Friday, Dec. 9, 2022. Despite slowing, inflation in the 19-nation euro area remains five times the 2% goal. Photographer: Michaela Rehle/Bloomberg



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